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Jerry Colen Avoiding Probate Form

Jerry Colen Avoiding Probate Form

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hi I'm Joel Reedy one of the attorneys at Cornerstone Law Firm today I want to give you one of our tips for avoiding probate and that is to put a transfer on death clause on each of your bank accounts bank accounts are one of the items that you have to go through probate with and that means that you have to go down to court get a short certificate from the court and get permission to move that bank account into a new name but if the bank account has a transfer on death Clause then at the moment if someone's passing all you have to do is take in a death certificate give it to the bank and that money will be transferred to whoever's in the transfer on death clause you can do this with your local bank you go to them and you ask for what's called a TOD and you ask them to help you set it up and they'll make it so that when that person passes away that money will transfer straight to you this is one of a number of things you can do to make sure that when your loved one passes you don't have

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